Module 6

Question 1

Entrepreneurship offers you the chances to express creativity and business acumen while controlling your destiny.

Answer 1

venture opportunities

Question 2

What are the different missions and visions of venture types?

Answer 2

They can include earning income (for profit) , meeting community needs (nonprofit) , solving social problems (social enterprise) , or combinations of these (hybrid).

Question 3

One that becomes available depending on various factors like job changes or family obligations.

Answer 3

situational opportunity

Question 4

Launching a venture using personal capital, labor, and connections without external funding

Answer 4

Bootstrapping

Question 5

What are some bootstrapping strategies?


Answer 5

Launching part-time, using personal savings, bartering, and securing pre-orders.

Question 6

What is the purpose of self-reflection in finding your entrepreneurial path?

Answer 6

To determine how, why, and when entrepreneurship may be the right path for you.

Question 7

Launching a venture for a limited time frame or audience to gain experience, insights, and feedback about the target market or consumer

Answer 7

Soft launch

Question 8

Exploring a soft launch by creating a sketch, prototype, or sample for feedback.

Answer 8

Beta test